HB 650

Creates new GS Chapter 66, Article 52 (No Interchange Fees on Sales Tax or Gratuities), and establishes definitions for the Article. Prohibits banks, payment card networks, and processers from receiving or charging an interchange fee to merchants on the amount of taxes or gratuity included in an electronic payment transaction as long as the merchant submits the amount of tax and gratuity as a part of the authorization. Allows merchants to submit documentation up to 180 days after the transaction to obtain a credit for the tax and gratuity. Specifies that the payment card network is not liable for the accuracy of the tax or gratuity information reported by the merchant. Makes it unlawful for the bank or processor to manipulate the computation of fees to avoid these requirements.